Re:Green hackers around the world, let’s destroy Bitcoin
by tsimionescu on Sunday February 07, 2021 @06:19AM
(#26054223)
Even for those that do, a network capable of handling maybe a few million transactions per day while consuming more energy than many small countries is so obviously useless in that regard that it should be abandoned entirely.
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Re:Green hackers around the world, let’s destroy Bitcoin
by dave_sullivan on Sunday February 07, 2021 @07:09AM
(#26054496)
I don't disagree with the weaknesses you point out, but I do think "abandon entirely" is an extreme stance. It's completely possible for bitcoin to lose while some other crypto (or basket of crypto coins) wins.
Re:Green hackers around the world, let’s destroy Bitcoin
by tsimionescu on Sunday February 07, 2021 @08:02AM
(#26054733)
It's important to remember that Bitcoin (and other proof-of-work coins) have a very real and direct environmental cost. Given the state of global warming and how urgent it is to stop it, I believe that letting miners continue to waste energy is a much more extreme stance than stopping them today (with some kind of compensation program for their and others' investments in bitcoin, of course you can't just delete a trillion dollars worth of people's money in a minute).